This paper provides a critical macro-level evaluation of the Lisbon process and Sapir report, through the lens of examining the Irish experience. Our assessment of the performance of the Irish economy depicts a picture of catch-up and convergence with average EU productivity and GNP levels,...

There has been much discussion of the differences in macroeconomic performance and prospects between the USA, Japan and the Euro area. Using Markov-switching techniques, we identify and compare specifically their major business-cycle features and examine the case for a common business cycle,...

Turkey's exchange rate based stabilization programme had collapsed within just 11 months of its implementation in the midst of a liquidity crunch in November 2000 caused by a reversal in the capital inflow. The onset of the stabilization programme created ample opportunities for speculative...

This study focuses on the labour market performance among second-generation immigrants in Sweden. One motivation behind the analysis is that it gives insight into the long-term consequences of immigration. Labour market performance relates the probability of having a job, referred to here as a...

Exporting has always been thought of as one tool to improve productivity and, consequently, to spur economic growth in low- to middle-income economies. However, empirical evidence of this so-called 'learning-by-exporting' effect has been limited. This article determines whether...

This paper investigates the relationship between government interventions to promote investments in innovation and firm-financed R&D. Merging a unique panel data set on Argentinean firms in the 1990s with a data base on different types of public support received through the FONTAR (Fondo...

Barriers to entry for multinational banks (MNBs) have been reduced in many countries. This paper studies the effect of the presence of MNBs on the supply and quality of credit in emerging economies. This study uses data from the Bank for International Settlements and the International Monetary...

The technology internationalization process of multinational companies (MNCs) is characterized by the growing decentralization of this activity to other countries, including developing ones. Within this process, world competition for foreign direct investment (FDI) in research and development...

This paper explores the causal relationship between growth, total investment and inward FDI in 47 countries. Using error-correction model, the significance, direction and sign of long-run and short-run causal effects between GDP, capital stock and FDI stock are investigated. The miscellaneous...

This article analyses the technical efficiency of Lisbon's police precincts by evaluating their relative performance. It starts from the assumption that there is time-varying efficiency and uses a stochastic cost-frontier model to generate efficiency scores. Indeed, this efficiency model is...